2019 Benefits Summary - paypalbenefits.com - PayPal Benefits

 
2019 Benefits Summary - paypalbenefits.com - PayPal Benefits
2019 Benefits Summary
          This summary provides an overview of the PayPal U.S. benefit programs.
                        Visit paypalbenefits.com to learn more.

paypalbenefits.com
2019 Benefits Summary - paypalbenefits.com - PayPal Benefits
PayPal benefits are here to support your mental, physical, and
    emotional balance so you can achieve a happy and healthy life.
    Who Is Eligible for Benefits?                                            Can I Enroll My Dependents?
    If you’re a regular U.S. employee working 20 hours or more               Eligible dependents include your spouse or domestic partner and
    per week on a continuous basis, you’re eligible for the                  children up to age 26. View dependent eligibility requirements
    following benefits:                                                      online at ybr.com/benefits/paypal.
    • Medical
    • Dental                                                                 How Do I Enroll?
    • Vision                                                                 PayPal’s benefits enrollment and eligibility administrator is YBR.
    • Employee Assistance Program (EAP)                                      You can log in to YBR from paypalbenefits.com, or you can
    • Flexible Spending Account (FSA)                                        access YBR directly.
    • Short- and Long-Term Disability                                        •	Via paypalbenefits.com: Go to New to PayPal
    • Life Insurance                                                         • Via YBR direct: ybr.com/benefits/paypal
    •	Accidental Death and Dismemberment (AD&D)                             • Telephone: 844-474-6641
    You’re eligible for coverage as of your hire date (or benefits           •	If you have questions while you’re logged in to YBR, you
    eligibility date), and the elections you make as a new hire                 can select the “live chat” feature to get answers.
    will remain in effect for the calendar year, unless you have a           Each year, the Benefits Annual Enrollment period is held in
    qualifying life event (see "Changing Your Elections").                   the fall. This is your once-a-year chance to enroll in or make
                                                                             changes to your benefits, unless you have a qualifying life event
    Newly eligible employees have 30 days to enroll in benefits. If
                                                                             (see "Changing Your Elections"). The benefits you select during
    you don’t make an enrollment selection, you’ll automatically
                                                                             Annual Enrollment will take effect January 1 of the following year.
    be enrolled in employee-only coverage for the $300 Deductible
    Medical plan, Core Dental plan, and Core Vision plan retro-
                                                                             Got Questions?
    actively to your benefits eligibility date.
                                                                             We’re here to help. If you have questions about your benefits or
                                                                             enrollment, please call YBR Customer Service at 844-474-6641, or
    Changing Your Elections
                                                                             visit ybr.com/benefits/paypal. For claims assistance during the
    If you have a qualifying life event—such as getting married or
                                                                             year, please refer to the U.S. Benefits Contact Information section
    divorced, having a child, or experiencing a change in your eligibility
                                                                             at the back of this guide for each carrier’s contact information.
    —you can make changes to your benefits. You must contact Your
    Benefits Resources™ (YBR) within 30 days of the event date to
    make any updates to your coverage. If you wait beyond the 30-day
    period, you will not be able to change your benefits.

2   Learn more at paypalbenefits.com.
2019 Benefits Summary - paypalbenefits.com - PayPal Benefits
Medical Options
You have a few choices for medical coverage, depending on where you live.

UnitedHealthcare                                                     NOTE: If you have an HSA and are also enrolled in the Health
                                                                     Care Flexible Spending Account (FSA), you can receive
With UnitedHealthcare® (UHC), you have access to a national,
                                                                     reimbursement for only dental and vision expenses through your
extensive network of physicians and health care facilities. You
                                                                     FSA, because you are already receiving a health care tax benefit
can receive care from any provider, but you’ll pay less when you
                                                                     through your HSA.
visit in-network providers. Prescription drug coverage is provided
through CVS/caremark®. You’ll receive a medical plan ID card         HSA Contributions
from UnitedHealthcare and a prescription ID card from CVS/
caremark. UnitedHealthcare offers two medical plan options:                                                             Employee
                                                                                                                        with Covered
                                                                                                 Employee Only          Dependents
$300 Deductible
•	In-network preventive care is covered at 100%.                    PayPal Contribution         $500                   $1,000
•	Once you meet your annual deductible, the plan pays 90% of
                                                                     2019 Contribution           $3,500                 $7,000
   most in-network eligible expenses, and you pay the remainder      Maximum (including
   until you reach your out-of-pocket maximum.                       PayPal’s contribution)
•	Once you reach the out-of-pocket maximum for the year, the
                                                                     You can contribute an additional $1,000 if you’re age 55 or older.
   plan pays 100% of eligible in-network expenses for the rest of
   the year.
•	Out-of-network coverage is available.                             Health Maintenance
•	See the medical plan comparison chart on page 4 for benefit
   coverage and limits.                                              Organization (HMO)
                                                                     You can also choose an HMO medical plan if you live in California
Consumer Directed Health Plan (CDHP) with Health                     or Utah.
Savings Account (HSA)
                                                                     • Kaiser Permanente HMO (CA)
•	A high-deductible health plan.
                                                                     • SelectHealth HMO (UT)
•	With the exception of preventive exams, all care (including
                                                                     You must receive care within the HMO plan’s network of
   prescriptions) is subject to the annual deductible.
                                                                     providers and facilities, except in the event of an emergency,
•	Deductibles and coinsurance apply toward
                                                                     when out-of-network coverage may be available. You’ll select a
   out-of-pocket maximums.
                                                                     Primary Care Physician (PCP) who will provide routine services
•	You can make tax-free contributions to a Health Savings
                                                                     and can refer you to other providers in the network when you
   Account (HSA) to pay for qualified medical expenses for you or
                                                                     need to see a specialist or be hospitalized.
   your taxable dependents or save for a future medical expense.
•	PayPal contributes to your HSA.
• The HSA is managed by HealthEquity.
• The money is yours to keep forever!

     You’re eligible for coverage as of your hire date (or benefits eligibility
     date), and the elections you make as a new hire will remain in effect for
     the calendar year, unless you have a qualifying life event and update your
     selections within 30 days of the event date.

                                                                                                                 Learn more at paypalbenefits.com.   3
2019 Benefits Summary - paypalbenefits.com - PayPal Benefits
Medical Options
    Important Information               Medical Plan Comparison Chart
    About the $300                      The following table summarizes the medical plan options and what you pay for care. Refer to the plan’s Summary Plan Description for
    Deductible and CDHP                 specific details about each plan. The UnitedHealthcare plans allow you to see providers in-network and out-of-network. Remember, both
    Health Plans                        medical and prescription drug costs count toward the annual deductible and the out-of-pocket maximum.
    Deductible: Amount you
    must pay each year before                                                   UnitedHealthcare                                       UnitedHealthcare
    coinsurance benefits                                                        $300 Deductible                                        CDHP with HSA
    are paid.
                                                                                In-Network                  Out-of-Network1            In-Network                 Out-of-Network1
    $300 Deductible: Each
    covered individual must             Annual Deductible                       $300 Individual             $500 Individual            $1,500 Individual          $2,500 Individual
    meet the individual                                                         $900 Family                 $1,500 Family              $3,000 Family              $5,000 Family
    deductible.                         Out-of-Pocket Maximum                   $2,300 Individual           $3,500 Individual          $3,500 Individual          $6,000 Individual
    CDHP: The entire                                                            $4,900 Family               $7,500 Family              $7,000 Family              $12,000 Family
    family must meet the
                                        Coinsurance                             You pay 10%                 You pay 30%2               You pay 10%2               You pay 30%2
    family deductible before
    coinsurance kicks in for any        Hospital (inpatient)                    $250 copay, then            You pay 30%2               You pay 10%2               You pay 30%2
    individual; the deductible                                                  you pay 10%
    applies to all services except
    preventive care exams.              Emergency Room3 (copay                  $100 copay, then you pay 10%2                          You pay 10%2
                                        waived if admitted)                     (for both in- and out-of-network)                      (for both in- and out-of-network)
    Out-of-Pocket
    Maximum (OOPM): The                 Doctor Office Visits                    $20 copay                   You pay 30%2               You pay 10%2               You pay 30%2
    maximum you will pay
                                        Specialist Office Visits                $35 copay                   You pay 30%        2
                                                                                                                                       You pay 10%   2
                                                                                                                                                                  You pay 30%2
    before the plan pays 100%
    of covered charges. Includes        Annual Physical Exams                   You pay nothing             You pay 30%2               You pay nothing            You pay 30%2
    amounts paid toward your                                                    (100% covered)                                         (100% covered)
    annual deductible, copays,
                                        Diagnostic X-ray/Lab                    You pay 10%2                You pay 30%2               You pay 10%2               You pay 30%2
    coinsurance, and prescriptions.
    Just like the family deductible,
    if you cover one or more            Prescription Drug Coverage
    dependents, you must meet           Prescription coverage provided by CVS/caremark for UnitedHealthcare plan participants.
    the full family out-of-pocket
    maximum amount before                                                       $300 Deductible                                        CDHP with HSA
    the plan begins to pay the
    remainder of eligible medical                                               In-Network                  Out-of-Network             In-Network                 Out-of-Network
    benefits for the rest of the        Generic                                 $10   4
                                                                                                            $10 + 50%                  You pay 10%   2
                                                                                                                                                                  You pay 10%2
    year. This applies even if only
    one member of your family is        Brand Formulary                         $25   4
                                                                                                            $25 + 50%                  You pay 10%   2
                                                                                                                                                                  You pay 10%2
    using the plan’s benefits.          Brand Non-Formulary                     $404                        $35 + 50%                  You pay 10%2               You pay 10%2
    Prescriptions under
    the CDHP: Deductible and            Employee Costs Per Pay Period
    coinsurance apply.
                                        Your benefit costs are based on whether you cover only yourself, or yourself and your eligible dependent(s).

    Prescription Drug                                                           $300 Deductible                                        CDHP with HSA
    Coverage
                                        Employee Only                           $51                                                    $39
    Chronic Condition
    Medications: Medications            Employee + Spouse/Partner           5
                                                                                $172                                                   $123
    prescribed for the                  Employee + Child(ren)                   $146                                                   $115
    treatment of diabetes, high
    blood pressure, and high            Employee + Family                       $244                                                   $159
    cholesterol are provided at
    no cost to UnitedHealthcare         1
                                            If you use an out-of-network provider, you will be responsible for any billed charges that exceed “customary and reasonable” charges.
    plan participants when they         2
                                            Deductible applies.
    are filled by in-network            3
                                            If services are not a true emergency, you'll pay more for the cost of the visit.
    pharmacies.
                                        4
                                            Copays will be applied toward a combined medical and prescription out-of-pocket maximum.
    Prescription Quantity
    Information: You may
                                        5
                                         The IRS states that the fair market value for domestic partner coverage is taxable to the employee. This means the full cost of individual
                                        coverage (for your domestic partner) would be added to your taxable income. This is referred to as “imputed income.” You will see domestic
    purchase up to a 30-day
                                        partner imputed income added to your earnings (to incur the tax liability) and then deducted from your gross pay.
    supply at a retail location.
    You may purchase up
    to a 90-day supply of
    maintenance drugs via mail
    order or at a CVS or Target
    pharmacy for a reduced copay.
    (Does not apply to CDHP.)

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2019 Benefits Summary - paypalbenefits.com - PayPal Benefits
Medical Plan Comparison Chart                                                                                                                 Prescription Drug
The following table summarizes the HMO medical plan option and what you pay for care. Refer to the plan’s Summary Plan Description for        Coverage
specific details about each plan.                                                                                                             Chronic Condition
                                                                                                                                              Medications: Medications
                                                     Kaiser HMO (CA)                          SelectHealth HMO (UT)                           prescribed for the
Provider Choice                                      Kaiser facilities and physicians         SelectHealth providers only                     treatment of diabetes, high
                                                                                                                                              blood pressure, and high
Annual Deductible                                    None                                     $150 Individual                                 cholesterol are provided at
                                                                                              $300 Family                                     no cost to Kaiser HMO (CA)
                                                                                                                                              medical plan participants
Out-of-Pocket Maximum                                $1,500 Individual6                       $1,500 Individual6
                                                                                                                                              when filled by in-network
                                                     $3,000 Family6                           $3,000 Family6
                                                                                                                                              pharmacies.
Coinsurance                                          N/A                                      N/A
Hospital                                             $250 copay                               $250 copay6                                     Prescription Quantity
                                                                                                                                              Information
Emergency Room7                                      $100 copay                               $100 copay
                                                                                                                                              Retail: You may purchase
(copay waived if admitted)
                                                                                                                                              up to a 30-day supply.
Doctor Office Visits                                 $20 copay                                $20 copay                                       Mail order: You may
Specialist Office Visits                             $35 copay                                $35 copay                                       purchase up to a 90-day
                                                                                                                                              supply of maintenance drugs
Annual Physical Exams                                You pay nothing (100% covered)           You pay nothing (100% covered)                  for just 2x the retail copay
Diagnostic X-ray/Lab                                 You pay nothing (100% covered)           You pay nothing (100% covered)                  amount (does not apply to
                                                                                                                                              SelectHealth HMO).
Prescription Drug Coverage
Prescription copay (In-Network Only)

                                                     Kaiser                                   SelectHealth
Generic                                              $10                                      $10
Brand Formulary                                      $25                                      $25
Brand Non-Formulary                                  $258                                     $45

Employee Costs Per Pay Period
Your benefit costs are based on whether you cover only yourself, or yourself and your eligible dependent(s).

                                                     Kaiser                                   SelectHealth
Employee Only                                        $39                                      $39
Employee + Spouse/Partner9                           $131                                     $123
Employee + Child(ren)                                $107                                     $115
Employee + Family                                    $184                                     $159

6
    Includes office visit and pharmacy copays.
7
    If services are not a true emergency, you'll pay more for the cost of the visit.
8
    Requires pre-authorization by your Primary Care Physician (PCP).
9
 The IRS states that the fair market value for domestic partner coverage is taxable to the employee. This means the full cost of individual
coverage (for your domestic partner) would be added to your taxable income. This is referred to as “imputed income.” You will see domestic
partner imputed income added to your earnings (to incur the tax liability) and then deducted from your gross pay.

                                                                                                                                              Learn more at paypalbenefits.com.   5
2019 Benefits Summary - paypalbenefits.com - PayPal Benefits
Dental and Vision
    When enrolling in dental and vision coverage, you have the choice of two
    plan options, so you can select the coverage that best meets your and your
    family’s needs. View the dental and vision plan charts below to compare your
    plan options and what you pay for care.

    Dental—Provided by Delta Dental
                                              Core Plan                                                           Enhanced Plan
    Individual Deductible                     In-Network: $50                   Out-of-Network: $75               In-Network: $0                     Out-of-Network: $50
    Family Deductible                         In-Network: $150                  Out-of-Network: $225              In-Network: $0                     Out-of-Network: $150
    Annual Maximum Benefit                    $1,500 per person                                                   $2,500 per person
    (excludes orthodontia)
    Preventive and Diagnostic Care            You pay nothing (100% covered); 2 cleanings per year10              You pay nothing (100% covered); 2 cleanings per year10
    Basic Care                                You pay 20% after deductible                                        In-Network: You pay 20%            Out-of-Network: You pay
                                                                                                                                                     20% after deductible
    Major Care                                You pay 50% after deductible                                        In-Network: You pay 50%            Out-of-Network: You pay
                                                                                                                                                     50% after deductible
    Orthodontia                               Not covered                                                         You pay 50%; Lifetime maximum: $2,500
    ID Cards                                  ID cards are issued for dental plan options

    Vision—Provided by Vision Service Plan (VSP)
                                              Core Plan                                                           Enhanced Plan11
                                              In-Network                        Out-of-Network                    In-Network                         Out-of-Network
    Coverage                                  Exam: You pay nothing             Exam: You pay nothing             Exam: You pay nothing              Exam: You pay nothing
                                              (100% covered)                    (100% covered)                    (100% covered)                     (100% covered)
                                              Materials: $20 copay              Materials: $20 copay              Materials: $20 copay               Materials: $20 copay
    Eye Exam                                  You pay nothing (one              Up to $50 allowance               You pay nothing (one               Up to $50 allowance
                                              every calendar year)12            (every calendar year)             every calendar year)12             (every calendar year)
    Lens Benefit (per year)                   No copay for standard             Maximum benefit                   No copay for standard              Maximum benefit
                                              progressive lenses                Single: up to $50                 progressive lenses                 Single: up to $50
                                              $20 copay for premium             Bifocal: up to $75                $20 copay for premium              Bifocal: up to $75
                                              progressive lenses                Trifocal: up to $100              progressive lenses                 Trifocal: up to $100
                                                                                Lenticular: up to $125            $40 copay for blue-light           Lenticular: up to $125
                                                                                                                  -blocking/anti-reflective
                                                                                                                  coating on lenses
    Frames                                    $20 copay; up to $150             $20 copay; up to $75              $20 copay;                         $20 copay;
                                              (every calendar year)             (every calendar year)             $150 1st pair, $150 2nd pair       $75 1st pair, $75 2nd pair
                                                                                                                  (every calendar year)              (every calendar year)
    Contact Lenses                            Up to $60 copay;                  $105 elective;                    Up to $60 copay;                   $150 elective;
    (per year; in place of frames)            $150 elective                     $210 necessary                    $150 1st pair, $150 2nd pair       $300 necessary
                                              Necessary covered 100%                                              Necessary covered 100%
    LASIK                                     Not covered                       Not covered                       $1,000 allowance                   Not covered
    ID Cards                                  No ID cards are necessary. Simply provide your employee ID number to your participating VSP provider.

    10
      If you have been diagnosed with diabetes, heart disease, HIV/AIDS, rheumatoid arthritis, or stroke, you can get 100% coverage for 4 of the following (any combination) every
    plan year: teeth cleaning, periodontal maintenance, and scaling in presence of gingival inflammation.
     Enhanced Plan: First and second pair allowance can be split between frames or lenses. Frame allowance can also be used toward ready-to-wear, non-prescription sunglasses
    11

    when purchased using in-network providers. Additional eye exam will be covered with no copay for members with diabetes.
    12
         Additional eye exam will be covered with no copay for members with diabetes.

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Employee Costs Per Pay Period
Your dental and vision plan costs are based on whether you cover only yourself or yourself and your eligible dependent(s), too.

                                        Dental                                                                 Vision
                                        Core                                Enhanced                           Core                              Enhanced
Employee Only                           $3                                  $7                                 $1                                $2
Employee + Spouse/Partner13             $6                                  $15                                $2                                $5
Employee + Child(ren)                   $8                                  $18                                $2                                $5
Employee + Family                       $11                                 $24                                $3                                $8

 The IRS states that the fair market value for domestic partner coverage is taxable to the employee. This means the full cost of individual coverage (for your domestic partner)
13

would be added to your taxable income. This is referred to as “imputed income.” You will see domestic partner imputed income added to your earnings (to incur the tax liability)
and then deducted from your gross pay.

                                                                                                                                                      Learn more at paypalbenefits.com.   7
Financial Security
    PayPal 401(k) Savings Plan                                        Employee Stock Purchase Plan (ESPP)
    The PayPal 401(k) Savings Plan helps you build savings for an     The ESPP gives you the opportunity to buy shares of PayPal’s
    active, healthy, and financially stable future. Plan highlights   common stock at a discount. Plan highlights include:
    include:                                                          •	You can contribute 2%–10% of your after-tax eligible payroll
    •	You can contribute up to 50% of your eligible earnings            earnings to purchase shares.
       through pre-tax and Roth contributions, up to the IRS          •	The purchase price is equal to 85% of the closing price of
       limit of $19,000 for 2019.                                        common stock on either the first day of your applicable
    •	You can make after-tax contributions up to the IRS limit          offering period or the actual purchase date, whichever is lower.
       ($56,000 in 2019; includes the combined total of pre-tax,      •	When the purchase period ends, shares are purchased for you
       Roth, and employer matching contributions). Certain               using contributions deducted from your paycheck. Your shares
       restrictions apply.                                               are then deposited into your E*TRADE account.
    •	If you’re age 50 or older, you can also make catch-up          •	You can hold your shares as a long-term investment or
       contributions of up to $6,000 for 2019.                           immediately sell them for cash.
    •	You can designate some or all of your contributions as         •	Offering periods generally begin May 1 and November 1, with
       Roth contributions.                                               purchase dates generally occurring on April 30 and October 31.
    •	PayPal matches 100% of your pre-tax and Roth contributions,
       up to 4% of your eligible earnings.
    •	Both employee and PayPal contributions are 100%
       vested immediately.
    Visit schwab.com/workplace to learn more.

          The PayPal 401(k)
          Savings Plan helps
          you build savings for
          an active, healthy,
          and financially
          stable future.

8   Learn more at paypalbenefits.com.
Flexible Spending Accounts (FSA)                                         Life Insurance
FSAs allow you to set aside pre-tax dollars from your paycheck           Basic Life: Company-provided benefits of twice your annual
to pay for eligible health care and dependent care expenses.             earnings, up to a maximum of $2 million.
You don’t pay federal or state income taxes on your FSA                  Optional Life: One to six times your annual earnings, up to a
contributions. When you have an eligible expense, you request            maximum of $2 million. Medical evidence of insurability (EOI) is
a reimbursement to pay yourself back. There are two types of             required for policies greater than $500,000 or three times your
FSA accounts:                                                            salary (whichever is less). EOI is also required during Annual
•	Health Care FSA. Can be used for eligible out-of-pocket               Enrollment if you newly elect optional life coverage or increase
   health care expenses (medical, dental, or vision care). You’re        your coverage by more than one level.
   issued an FSA debit card (for annual elections greater than           Spouse Optional Life: Up to the lesser of $250,000 or 50%
   $100). You can carry over up to $500 every year.                      of employee coverage. Medical evidence of insurability (EOI) is
•	Dependent Care FSA. Covers eligible dependent care expenses           required for policies greater than $75,000.
   so that you (and your spouse) can work or attend school.
                                                                         Child Optional Life: Up to $25,000.
   Carefully consider your annual election. Any remaining balance
   in your account after the claim filing deadline will be forfeited.    Accidental Death and Dismemberment
If you’re a non-exempt employee enrolled in the Dependent                (AD&D) Insurance
Care FSA, you’re eligible for a company contribution of 15%,             Basic AD&D: Company-provided benefits of twice your annual
up to $652 annually. Your annual contribution includes your              earnings, up to a maximum of $2 million.
contribution and PayPal’s 15%. For example, if you elect                 Optional Employee Only, or Employee and Family AD&D:
a yearly contribution of $1,000, PayPal will contribute $150             One to six times your annual earnings, up to a maximum
(15% of $1,000), which means you’ll have $1,150 to pay for eligible      of $2 million.
daycare expenses.
                                                                         Disability Insurance (Short-Term and Long-Term)
FSAs at a Glance                                                         In the event you become disabled as a result of injury or illness,
Plan                    Maximum Election        Eligible Expenses        PayPal provides short- and long-term disability benefits at no
                                                                         cost to you:
Health Care FSA         $2,650                  Medical, prescription,
                                                                         Short-Term Disability (STD): Provides 80% of your base
                                                dental, vision
                                                                         salary, up to a maximum of $6,500 per week. The Enhanced
Dependent Care FSA      $5,000                  Child care or elder      Maternity Benefit provides up to 100% of your base salary for the
                                                care expenses
                                                                         first eight weeks of pregnancy disability leave.
                                                                         Long-Term Disability (LTD): Provides 67% of your base salary,
Group Legal Benefits
                                                                         up to $25,000 per month.
Group legal benefits cover a broad range of legal services, including:
•	General telephone advice and office consultations                     Business Travel Accident (BTA) Insurance
•	Document review                                                       You can use BTA and emergency travel assistance when you’re
•	Wills and estate planning                                             traveling on behalf of the company. The policy provides life and
•	Real estate matters                                                   AD&D insurance of up to five times your salary ($1 million limit),
•	Debt matters                                                          insurance for medical expenses incurred outside your home
You may enroll in this plan during your initial enrollment period        country, lost baggage, and cash or cash equivalents.
or during Annual Enrollment.

Identity Theft Protection
If your identity has been stolen, Optum® Core ID Theft Protection
immediately connects you to a specialist who can help you dispute
fraudulent charges, help restore your identity, and take steps to
avoid future losses. This program is provided at no cost to you.

                                                                                                                     Learn more at paypalbenefits.com.   9
Time Off
     PayPal offers a variety of time off programs to meet your needs. Whether
     you're planning the annual family camping trip or taking time to recharge, our
     time off programs are here to support you.
     Sabbatical Program                                                    Paid Sick Leave (PSL)
     PayPal’s sabbatical program provides four weeks of paid time          Paid Sick Leave (PSL) is provided for time off if you are ill, have a
     off after five years of service. Take a break from the pace of your   medical appointment, or need to take care of a sick family member.
     work and recharge with family, travel, pursue hobbies, work on
                                                                           If you’re a non-exempt employee, you’re eligible for five paid
     your personal development—most important, have fun!
                                                                           sick leave days (40 hours) per year, which accrue per pay period
     Time Off                                                              until the maximum of 40 hours is reached. You can use PSL after
     •	Non-exempt employees can use Paid Time Off (PTO) for               90 days of employment.
        vacation, personal time, or illness. You begin to accrue PTO       Exempt employees receive five paid sick leave days per year
        from your first day of employment. If you’re a full-time           at the beginning of the year, which can be used after 90 days
        employee, your PTO accrues at 4.92 hours per pay period, with      of employment.
        an additional day added for each year of service, up to 20 days
        per year. If you’re a part-time employee, your PTO accrual will    Enhanced Leaves
        be pro-rated, based on your scheduled hours.                       There are three types of enhanced leave:
     •	Exempt employees use Tracking-Free Vacation (TFV) for time         •	Enhanced Maternity Benefit. Pays you 100% of your base pay
        off related to vacation, personal time, or short-term illness.        for the first eight weeks of time away from work while you’re
        TFV means you work with your manager to take time off. It is          on pregnancy disability. This benefit is coordinated with other
        not accrued, and there is no annual limit.                            benefits that may be payable, such as Short-Term Disability or
                                                                              any statutory programs.
     Holidays                                                              •	Paid Bonding Leave. Pays you 100% of your base pay, up to
     PayPal observes 10 holidays each year. In 2019, PayPal will observe      eight weeks, within the first year of the birth or placement
     the following holidays:                                                  of a child. This benefit is available to all mothers, fathers, same-
     • New Year’s Day, Tuesday, January 1                                     sex spouses, and domestic partners. The benefit can be taken
     • Martin Luther King Jr. Day, Monday, January 21                         at one time or in increments (with supervisor approval). It will
                                                                              be coordinated with other benefits that may be payable, such
     • Presidents' Day, Monday, February 18
                                                                              as state-specific paid leave programs.
     • Memorial Day, Monday, May 27
                                                                           •	Paid Family Care Leave. Allows you to take paid time off
     • Independence Day, Thursday, July 4                                     to care for a seriously ill family member. You receive 100%
     • Company-Designated Holiday, Friday, July 5                             of your base pay for up to eight weeks to care for a sick
     • Labor Day, Monday, September 2                                         spouse, child, or qualifying parent if you’re certified as the
     • Thanksgiving Day, Thursday, November 28                                primary caregiver. This leave will be coordinated with any
                                                                              other benefits that may be payable, such as state-specific paid
     • Day after Thanksgiving Day, Friday, November 29
                                                                              family leave programs.
     • Christmas Day, Wednesday, December 25
                                                                           Non-Exempt Employees
     Give Time Off (GTO)                                                   You can take advantage of PayPal’s Enhanced Leave Programs
     Through our charitable giving initiative, PayPal GIVES, employees     after your first full year of employment. You must give at
     have the opportunity to be paid 100% of their base pay for            least 90 days’ notice of your intent to take leave. This allows
     eight hours per year while volunteering at a qualifying charitable    us to continue to offer flexible working benefits and maintain
     organization. GTO is available after your first year of employment.   appropriate service levels for our customers.

10   Learn more at paypalbenefits.com.
Learn more at paypalbenefits.com.   11
Everyday Support
     Family
     Adoption and Surrogacy Assistance Benefits                              Family Health App
     If you adopt a child or use a surrogate, PayPal will reimburse you      Download the Family Health by Wildflower app to help ensure
     up to $10,000 in eligible expenses per adoption or surrogacy.           you and your family stay healthy. Track key health milestones
     Eligible expenses include attorney's fees, court costs, adoption or     and customize the app for general health or pregnancy. The app
     surrogacy agency fees, and placement fees.                              is available to employees at no cost.

     Child and Elder Care Resources                                          Fertility Benefits
     Bright Horizons provides backup care where and when you need it         Pursuing fertility treatment can be complicated, emotionally
     most—if your regular caregiver is out sick, your child has a school     draining, and expensive. Progyny can help you and your family
     holiday, or an elderly family member is recovering from surgery.        during this very personal journey by providing services such as
     •	Short-term Care provides up to 10 backup care uses per               egg freezing, IVF, and pre-implantation genetic screening (if you
        calendar year (each dependent counts as one use). For in-home        are enrolled in a UnitedHealthcare plan).
        care, you pay $6 per hour for both child and adult/elder care
                                                                             Milk Stork for New Moms
        (four-hour minimum). For center-based care, you’ll pay $15 per
                                                                             Milk Stork makes it possible for working moms to continue
        day for one child ($25 for two or more).
                                                                             breastfeeding—even while traveling. You can either ship your
     •	Long-term Care offers resources and discounts to provide
                                                                             milk home as needed, or bring it home with you in travel coolers
        care for your whole family, including nannies, sitters for elder
                                                                             at no cost to you.
        care, pet sitters, housekeepers, and more.
                                                                             Pet Support
     Developmental Support                                                   Pets are family, too! Pet insurance is available to you on a
     If you’re raising a child with learning and/or behavioral challenges,   voluntary basis to help cover the cost for veterinary care for your
     Rethink can provide valuable support and research-based                 household pets, such as dogs, cats, and birds. Employees receive
     resources. You can have live tele-consultations with behavioral         a 5% discount under the PayPal group plan. Plus, find reliable pet
     health experts, and you have access to easy-to-follow videos,           sitters through Bright Horizons when you need it.
     printable materials, and training resources to best support your
     child in reaching his or her top potential. Rethink services are
     provided at no cost to you.

     Health Resources
     Advocacy Services                                                       Stanford Health Navigation Services
     Advocacy services can navigate the health care system on your           Stanford Health Navigators are available by phone to help answer
     behalf. If you’re unable to resolve an issue with your provider, or     any questions and provide additional support and resources,
     need more urgent assistance, advocates can help. Your advocate          regardless of the state where you live. Navigators can help with
     will quickly and thoroughly research your inquiry and work              scheduling appointments and coordinating specialist visits at
     directly with your insurance carrier to resolve the issue.              Stanford hospitals and clinics. Use Stanford Health Navigation
                                                                             Services to complement your health care provider and primary
     Expert Medical Opinion                                                  care physician. You have access to a customized website with
     Advance Medical provides you with complimentary access to               health resources, services, and amenities. Take advantage of
     expert medical opinion services. If you or a family member              the world-renowned Stanford Health Library, which provides
     receives a diagnosis or is considering a certain treatment,             scientifically based medical information to help you make
     contact Advance Medical. They’ll assign a personal physician case       informed decisions about health care.
     manager who will work as your advocate.

12   Learn more at paypalbenefits.com.
Benefits for Your Well-being
                                    Educational Assistance Program
                                    The Educational Assistance Program reimburses you up to $5,250 per
   Wellness Coaching                year for expenses related to continuing education and developmental
                                    programs that can be applied to your current role or a likely
   Vida is a wellness coaching      future role with the company. Courses must be pre-approved by your
   program that offers you          manager before you can receive reimbursement for tuition, books,
                                    and lab expenses. You must receive a passing grade of C or better
   a network of coaches and         for undergraduate courses, or a B or better for graduate courses.

   experts to help you achieve      Employee Assistance Program (EAP)
   your wellness goals. No          The EAP provides counseling and consultation services—
                                    including convenient virtual visits and virtual mental health
   matter what your goal is—        visits—designed to help you and your eligible family members
   managing stress, eating          with a wide range of personal, emotional, and financial issues. The
                                    EAP offers six counseling sessions per year on topics such as:
   better, or getting fit—Vida      •	Stress, depression, and anxiety
   is your first stop for total     •	Personal and family relationship challenges
                                    •	Emotional wellness
   well-being.                      There’s no enrollment required. EAP services are provided at no
                                    cost to you.
   With the Vida secure mobile
                                    Emotional Well-Being
   app, you’ll get ongoing
                                    meQuilibrium helps you build resilience to stress and reduce
   guidance and support,            its negative effects through confidential digital coaching. You’ll
                                    take a free online stress assessment, create a meQ profile, and
   interactive resources, and       receive a personalized action plan. Download the app for support
   progress-tracking tools to       on the go.

   keep you motivated. Plus,        Support Your Favorite Cause
   Vida coaches and experts will    Give as little as $10 to a nonprofit or charitable organization,
                                    and PayPal will match it, dollar for dollar, up to $2,500.
   recommend PayPal resources       Volunteer your time, and we'll give $10 for every hour you
                                    donate, up to $500, to the organization you’ve chosen. Visit
   and benefit programs             paypal.com/paypalgives for information about eligible
   available to you. And it’s       nonprofits, including those outside the U.S.

   offered to all U.S. employees,   Virtual Weight-Loss Support
   spouses/partners, and            Real Appeal is a virtual weight-loss program that puts interactive
                                    videos, live online group discussions, and personalized coaching
   dependents age 18 and older      at your fingertips. This one-of-a-kind program is available to
                                    all U.S. employees, spouses, and dependents age 18 and older
   at no cost.                      enrolled in a PayPal medical plan, at no extra cost to you.

                                                                               Learn more at paypalbenefits.com.   13
U.S. Benefits Contact Information
      Provider                                       Website                      Phone Number                     Description
      Your Benefits Resources™ (YBR)                 ybr.com/benefits/paypal      844-474-6641                     For all benefit plan and
      Customer Service                                                                                             enrollment inquiries
      MyHR                                           MyHR Online                  855-489-0343                     MyHR

      Medical Plans                                  Website                      Phone Number                     Policy #
      UnitedHealthcare $300 Deductible               welcometouhc.com/paypal      844-298-2737                     909006
      UnitedHealthcare CDHP with HSA
      CVS/caremark (Prescription provider for UHC)   caremark.com                 844-287-1297                     1166
      Kaiser HMO (CA)                                kp.org                       800-464-4000                     604762 Northern CA,
                                                                                                                   232527 Southern CA
      SelectHealth HMO (UT)                          selecthealth.org             800-538-5038                     G1017120

      Dental Plan
      Delta Dental                                   deltadentalins.com           800-765-6003                     17690

      Vision Plan
      Vision Service Plan (VSP)                      vsp.com                      800-877-7195                     30057214

      Financial Security
      AC Newman (AD&D) Basic and Optional Policies   acnewman.com                 877-226-8711                     ADD-123708 (Basic),
                                                                                                                   PAI-123707 (Optional)
      Business Travel Policies                       MyHR Online                  800-336-0627 (U.S.)              Visit MyHR Online
                                                                                  302-476-6194 (Outside U.S.)
      Charles Schwab 401(k) Savings Plan             schwab.com/workplace         800-724-7526                     PayPal
      E*TRADE                                        etrade.com                   800-838-0908                     Not Required
      HealthEquity HSA for participants enrolled     healthequity.com/ed/paypal   866-346-5800                     Not Required
      in the CDHP
      Hyatt Legal                                    legalplans.com               800-821-6400                     PW: 6091045
      Optum Core ID Theft Program                    liveandworkwell.com          800-821-6400                     PayPalUS
      Prudential Basic and Optional Policies         mybenefits.prudential.com    800-524-0542                     52583
      Sedgwick Leaves Disability and Workers’        MyHR Online                  855-233-7599                     52853
      Compensation
      Your Spending Account™ (YSA)                   ybr.com/benefits/paypal      844-474-6641                     Not Required
      Flexible Spending Accounts

      Everyday Support                               Website                      Phone Number                     Policy #
      Arbor EAP (Nebraska)                           arborfamilycounseling.com    800-922-7379                     arbor
      Bright Horizons                                careadvantage.com/paypal     877-BH-CARES                     UN: PayPal, PW: backup4u
      meQuilibrium                                   mymeq.com/paypal             617-600-6671                     PayPal
      Milk Stork                                     milkstork.com/paypal         888-207-6909                     PayPal
      Nationwide Pet Insurance                       petsnationwide.com           888-899-4874                     PayPal
      Optum EAP                                      liveandworkwell.com          866-248-4096                     PayPalUS
      Progyny                                        progyny.com/member-portal    833-838-5850                     PayPal
      Real Appeal                                    realappeal.com               844-344-REAL                     PayPal
      Rethink                                        paypal.rethinkbenefits.com   877-988-8871                     PayPal
      Vida (starting 1/1/2019)                       vida.com/paypal              email: paypal_support@vida.com   HEALTHYPAYPAL

      Health Plan Resources
      Advance Medical (Expert Medical Opinion)       advance-medical.com/paypal   888-416-7514 (U.S.)              Not Required
                                                                                  650-284-0984 (Outside U.S.)
      Advocacy Services (Claims Assistance)          alight.com/advocacy          844-474-6641                     Not Required
      Stanford Health Navigator                      shc.is/paypal                844-463-7366 (U.S.)              Not Required
                                                                                  650-736-2741 (Outside U.S.)

14   Learn more at paypalbenefits.com.
Learn more at paypalbenefits.com.   15
The rights, if any, of employees to participate in the benefits programs and to receive benefits under such
                  programs are governed by the terms and conditions of the applicable benefit plans and PayPal policies (the
                  “Benefit Plans”), rather than any summary or other communication. In the event of any conflict between any
                  summary or other communication and the Benefit Plans, the applicable Benefit Plan shall control. Information
                  contained in this communication does not create a right to employment and will not be interpreted as
                  forming an employment contract or affecting an employee’s employment status, which remains at-will.
                  PayPal reserves the right to make changes or cancel any benefits at any time, at PayPal’s sole discretion.

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